J.C. Penney Company, Inc. (NYSE:JCP) has had its debt cut by ratings agency Moody's Corporation (NYSE:MCO) according to a statement from the ratings firm. The retailer's debt is now rated Caa1, which qualifies as Junk under Moody's ratings regime. The move was not an unexpected one as the problems at J.C. Penney have come to a head lately.
As the stock market was climbing last week, the Bank of America Merrill Lynch (BAML) trade desk was noting an oddity: their clients were, again, net sellers of stock.... Read More
When an investment system uses the term “Buckets of Money” to describe its tactical portfolio diversification strategy, it is likely to draw heat from regulators. But after cracking down... Read More
This does not come as a surprise, the doom of commodity trades and hedge funds was written quite a while ago and all or at least most of the... Read More
Pharmaceutical major Pfizer Inc. (NYSE:PFE) has been reported to have agreed to pay $60 million to the federal government, in settlement of alleged charges that its employees were involved in... Read More
In 1999, Forbes Magazine published a list of eight investment rules that, according to the magazine, had "stood the test of time." Q4 2020 hedge fund letters, conferences and more One... Read More
Corporate Japan has been rocked over the past few years by a series of serious corporate scandals. Kobe Steel Ltd., a major producer of steel and steel products, is the... Read More
Herbalife Ltd. (NYSE:HLF) CEO Michael Johnson allegedly yelled at protestors outside a Los Angeles convention center on Friday where the company was holding a sales event for more than 12,000... Read More
With markets basically saying the election in France on May 7 is all but over, a Deutsche Bank report could burst the bubble of dopamine-laden market participants who have... Read More
ValueWalk's Raul Panganiban interviews Jim Osman, the founder and CEO of The Edge Consulting Group. Q3 2019 hedge fund letters, conferences and more Interview with Jim Osman Transcript Hello podcast listeners. Today's a... Read More
Bruce Kovner is somewhat of a legend in the hedge fund world. Worth an estimated $5.3 billion according to Forbes, Kovner built his wealth managing money for clients at... Read More
